Ovintiv to acquire Montney assets for C$3.325B, sell Uinta for $2.0B, boosting cash flow

Ovintiv Inc.

Acquisition adds ~109,000 net acres, ~70 MBOE/d production, ~900 well locations (~600 premium) in Alberta Montney for C$3.325B cash.
Divestiture of Uinta assets (126,000 net acres) to FourPoint Resources for $2.0B cash, expected to close Jan 22, 2025.
Combined deals expected to increase 2025 Non-GAAP Free Cash Flow by ~$300M and generate ~$125M annual cost synergies.
Share buyback paused until ~$377M net cash recovered; base dividend unchanged; investment grade balance sheet maintained.
Pro forma Montney oil+condensate production ~55 Mbbls/d, total ~620 MBOE/d, capital budget ~$2.2B (down $100M).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.